Member Info for Westy54

POLY isn't Russian and does not sell to Russian Banks.

Agreed though about RNS, we won't see that until 2 days after the trade Buckeye.

@Mattyboy "If you are using Chrome try Adblock extension...it's free."

that was a great tip, I have just installed and much better, thank you.

Just for info, the RUB has devalued by 7% since the H1 results were announced on 22nd Sept. Running from 58.84 to about 63 currently that's some good news on input costs.

Should read dividends not division

And division will still be payable from poly k, one final point, I read sometime ago that in spite of sanctions 83% or was it 87% either way, 83% of the Global population still do business with Russia as usual, just something worth remembering

Ha, nice pun !!

We do not yet even know whether gold miners are going to be included. Just a couple of reminders that globally central banks have been buying up gold in order to dedollarise but seeing as gold is valued in dollars that will be tough. I think the fact that poly has not and will not sell its gold to the Russian banks will stand it in good stead. I hope the way to asset split will become clearer on the 25th January call and it is probably worth holding until we know how that will pan out. If the majority of the value is in kaz assets it will be worth holding on. I try not to make decisions until I have as much info as possible so my decision can be better informed. Whatever you decide gold luck to all

Hey BB, you need to be careful, you're talking some sense today, you wouldn't want to ruin your reputation now, would you? :))

@BSR Depends on how much "A load" is I guess as well as just how much cash you are sitting on. I understand ND's point of view, perhaps worth putting 30% of your POLY Allotted cash in now, and try to time the rest??? Just a thought.

Nice one Saga thanks for your input as well :)

Apologies for typos :(

asterisks are s h a r e e x c h a n g e

Hi Saga, yes, I did, well spotted and thanks :))

I agree with all your post/observations apart from the dividend part. My understanding is that technically, they do not need to redomicile in order to make dividend payments. The reason they could not make payments right now apart from the cost and debt levels of course, is because 22% of shareholders would not receive it as their shares are held in the NSD and Euro Clear (Which is how the dividend payments are processed) will not currently deal with the NSD because of the war. In the last update I specifically asked is at the end of the ************** programme whereby half of those 22% of shares could be exchanged for company issued, paper shares, would the Board feel comfortable reinstating the dividend knowing that 11% of shareholders would not receive it? Vitaly Nesis' reply of you recall was that it was his gut feeling that the Board would be happy with that. So the 117th or 19th Dec is important to us as that is when the results of the ************** programme will be announced, although in the last update we were told that 95% of those shares that were eligible had already been applied for so I don't think it will be an issue.

Well will know such more by the end of March on all fronts I feel.

GL to all as ever

All the rest

Sagacity, who wrote that, it is a great summary, very I sightful

Squeeky "I don't think I really care about the SP. It's all about the long term divis for me."

I agree, it is not that relevant if you are going to receive a dividend yield at 20% ROI and upwards, ongoing, why would you sell? Only perhaps when the SP has maxed out and your ROI remains very high but your return on capital value reduces. What a dilemma to be in eh??!!! :))

It's a tough call isn't it?

I am not sure whether the 16th Dec will have much effect, although as it is the first stage to redomiciling the Company, therefore opening the door to asset splitting, as well as a return to dividends, I hope it does! I think the 4th Qtr update and provisional Yr End (provisionally) set for 23rd Jan will have an impact in terms of debt paid down and will give us a clearer picture as whether dividends will actually return and perhaps at what level in March. Once there is some visibility on this we might see the II's start to get back in, although that will also depend on at what stage in the war we are at and whether there are any serious peace talks. Without this, I think the II's will still stay away from what they wrongly regard as a Russian company. Peace talks mentioned I can't see happening any time soon, the West and Kyiv will not start talks until the Russians withdraw, and Russia will not start talks until the so-called annexed oblasts are recognised as Russian, neither of these things are going to happen any time soon, of course only in my opinion and I hope to be proved wrong.

I shall sign off as I started ......... It's a tough call isn't it

Indeed and futures at 1811

Yes, I got mine

"Reality check to all the delusional here, Poly are over 80% down this year, only marginally above the disastrous Cine."

Carltt, not entirely sure I understand your post, I am well aware of how much POLY is down this year as is everyone else. The point being with improved outlook, buying at these prices for divi and cap growth appears to be great vlaue, not without ongoing risk of course.

I am guessing you are one of the unluckies who bought at over 1000p last year, in which case, hang on in there buddy!

"around 45p"

Thanks for the input Chique, that would be nice, am due a divi from STCM today might put a little more in POLY